Donald Smith & CO. Inc. raised its holdings in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,233,874 shares of the mining company's stock after buying an additional 216,751 shares during the period. IAMGOLD comprises 3.9% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 7th largest position. Donald Smith & CO. Inc. owned 5.47% of IAMGOLD worth $161,167,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Trexquant Investment LP purchased a new stake in IAMGOLD during the 4th quarter worth $5,968,000. Geode Capital Management LLC lifted its holdings in shares of IAMGOLD by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 274,756 shares of the mining company's stock worth $1,435,000 after purchasing an additional 10,468 shares during the last quarter. RCF Management L.L.C. acquired a new position in IAMGOLD during the 4th quarter valued at about $128,174,000. Franklin Resources Inc. grew its position in IAMGOLD by 5.3% in the 4th quarter. Franklin Resources Inc. now owns 36,156 shares of the mining company's stock worth $187,000 after purchasing an additional 1,836 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of IAMGOLD in the fourth quarter valued at approximately $515,000. 47.08% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
IAG has been the subject of several analyst reports. Raymond James reiterated a "market perform" rating and set a $8.00 price objective on shares of IAMGOLD in a research report on Friday. StockNews.com lowered IAMGOLD from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. CIBC reissued an "outperform" rating on shares of IAMGOLD in a report on Thursday, March 20th. Finally, National Bank Financial raised shares of IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $7.23.
Get Our Latest Analysis on IAMGOLD
IAMGOLD Trading Up 4.5 %
IAMGOLD stock traded up $0.26 during trading hours on Tuesday, reaching $5.93. 5,265,614 shares of the company's stock traded hands, compared to its average volume of 12,179,645. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. IAMGOLD Co. has a fifty-two week low of $3.44 and a fifty-two week high of $6.69. The firm's 50 day moving average is $6.04 and its 200-day moving average is $5.62. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 4.08 and a beta of 1.52.
IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05). The company had revenue of $469.90 million during the quarter, compared to analyst estimates of $498.68 million. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. On average, analysts predict that IAMGOLD Co. will post 0.67 earnings per share for the current year.
IAMGOLD Profile
(
Free Report)
IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.
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